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HD Supply: Fiscal 2Q Earnings Snapshot

ATLANTA (AP) _ HD Supply Holdings Inc. (HDS) on Wednesday reported fiscal second-quarter profit of $131 million.

On a per-share basis, the Atlanta-based company said it had profit of 71 cents. Earnings, adjusted for one-time gains and costs, came to 99 cents per share.

The results topped Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of 96 cents per share.

The industrial distributor posted revenue of $1.6 billion in the period, also surpassing Street forecasts. Five analysts surveyed by Zacks expected $1.58 billion.

For the current quarter ending in November, HD Supply expects its per-share earnings to range from 95 cents to $1.

The company said it expects revenue in the range of $1.56 billion to $1.61 billion for the fiscal third quarter.

HD Supply expects full-year earnings in the range of $3.22 to $3.35 per share, with revenue ranging from $5.9 billion to $6 billion.

HD Supply shares have climbed 12 percent since the beginning of the year. The stock has increased 36 percent in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on HDS at https://www.zacks.com/ap/HDS